SoundBite Communications (SDBT)
SoundBite Communications Beta: 0.4969
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SDBT Beta Range, Past 5 Years
| Minimum | 0.4183 | Jan 2012 |
| Maximum | 0.5918 | Nov 2010 |
| Average | 0.5230 |
About Beta 60 Month
YCharts calculates the 60 month market beta by regressing stock returns less the risk free rate of returns on the market returns less the risk free rate of return (Market returns come from the S&P 500 Total Returns Index (SPXTR), and the risk free rate is the 4 Week Average T-Bill (Monthly). There must be a minimum of 36 months of stock returns for a company to have its beta calculated.
Beta is a measure of the risk of a stock when it is included in a well-diversified portfolio.
In financial theory, the Capital Asset Pricing Model breaks down expected stock returns into two components. The first is the return that would be expected based on covariance with the movements of the market (for most stocks, when the market as a whole goes up, the price of the stock will also go up). The second part is the increase in the price of a stock that is not explained by the market. The first part - covariance with the market - is what Beta captures.
When Beta is positive, the stock price tends to move in the same direction as the market, and the magnitude of Beta tells by how much. If a stock's Beta is greater than 1, that means that when the market index goes up 1%, we expect the stock will go up by more than 1%. On the contrary, if the market goes down by 1%, we expect the stock to go down by more than 1%. Negative Betas, while rare, signify a negative correlation. When the market goes up, we would expect the stock price to go down.
For readers with a background in regression analysis, Beta is the slope of the linear regression shown in the formula below, where Returns are the return on an individual stock or portfolio, Rf is the risk free rate, RMarket is the return on a market portfolio, and e is an error term.
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SDBT News
May 25, 10:15AM GlobeNewswire
May 21, 11:56AM GlobeNewswire
May 15, 5:05PM GlobeNewswire
about 22 days ago by RecogniaEvents
Apr 18, 10:14AM GlobeNewswire
Apr 06, 4:29PM GlobeNewswire
about 57 days ago by MarketBrief
Feb 29, 3:38PM GlobeNewswire
Feb 22, 4:00PM GlobeNewswire
Jan 31, 11:05AM GlobeNewswire
Jan 30, 8:00AM GlobeNewswire
Jan 30, 6:54AM Street Insider
Jan 30, 6:40AM Benzinga
Jan 30, 6:30AM GlobeNewswire
Jan 09, 10:45AM GlobeNewswire
Nov 02, 4:52PM Street Insider
Oct 26, 9:15AM GlobeNewswire
Oct 25, 1:36PM GlobeNewswire
about 1284 days ago by cselland
about 1332 days ago by JayBWood
about 1335 days ago by Covestor
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| SDBT | 2.42 | +0.02 | +0.83% | 39.53M |
| WILC | 4.50 | +0.00 | +0.00% | 61.06M |
| WIBC | 4.815 | -0.20 | -3.89% | 357.11M |
| WIA | 13.00 | +0.07 | +0.54% | |
| WHX | 16.90 | -0.08 | -0.47% | 235.34M |
| WHRT | 0.28 | +0.01 | +2.38% | 7.297M |
| WHR | 57.77 | -4.11 | -6.64% | 4.760B |
| WHG | 34.15 | -1.45 | -4.07% | 285.51M |
| WH | 1.35 | +0.03 | +2.27% | 27.59M |
| WGOV | 37.71 | -0.41 | -1.08% |
